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Saipem 7000 semi-submersible crane vessel; Source: Saipem
Business & Finance

Saipem scoops up $1 billion for work on natural gas project off Africa

Saipem has got its hands on a new contract – worth approximately $1 billion – for the development of a gas project off Libya.

about 3 years ago
Subsea upgrade on the agenda for Equinor's Norwegian Sea duo
Business & Finance

Subsea upgrade on the agenda for Equinor’s Norwegian Sea duo

Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac

about 3 years ago
Stanlow Terminals, Eni UK to develop CO2 transport and storage projects
Business Developments & Projects

Stanlow Terminals, Eni UK to develop CO2 transport and storage projects

UK’s independent bulk liquid storage provider Stanlow Terminals and Eni UK, UK’s subsidiary of global energy company Eni, have signed a Memorandum of Understanding (MoU) to explore the development of carbon dioxide (CO2) collection, shipping, and storage at the Stanlow Terminal location.

about 3 years ago
Deutsche ReGas: Mukran LNG capacity fully booked
Business & Finance

Deutsche ReGas: Mukran LNG capacity fully booked

Germany’s Deutsche ReGas has completed the procedure for the allocation of long-term regasification capacity for the planned floating LNG terminal in the port of Mukran. The company said the procedure was completed on 7 August and the offered capacity of 4 billion cubic meters (bcm) for a period of

about 3 years ago
FPSO Sepetiba; Source: SBM Offshore
Business & Finance

Two FPSOs still on track for first oil by year-end

SBM Offshore has put its back into several FPSO projects while two of these are still scheduled to achieve the first oil by the end of 2023.

about 3 years ago
FET targets better presence in Brazil with appointment of local partner
Business & Finance

FET targets better presence in Brazil with appointment of local partner

Subsea technology provider Forum Energy Technologies (FET) has appointed a Brazilian company to represent its subsea operations in this South American country. FET reported earlier in August that it had established a partnership with UnderOcean Servicos Maritimos under which the Brazilian company wi

about 3 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe vessel kicks off its Gulf of Mexico assignment

Prosafe has revealed that one of its semi-submersible vessels started its new contract with an undisclosed company in the U.S. Gulf of Mexico.

about 3 years ago
CEPSA to supply Naviera Armas Trasmediterránea ferries with 2G biofuel
Business Developments & Projects

CEPSA to supply Naviera Armas Trasmediterránea ferries with 2G biofuel

Spanish multinational oil and gas company CEPSA has been contracted to supply second-generation (2G) biofuel for Naviera Armas Trasmediterránea ferries.

about 3 years ago
Navtek; World’s first zero-emissions tugboat proves performance
Business Developments & Projects

Tongfang Jiangxin wins batch tugboat construction project contract

In the bidding for the batch tugboat construction project of Sinopec Shengli Oilfield Branch, Tongfang Jiangxin Shipbuilding won the 2023 Shengli Oilfield Offshore Oil Ship Center 4 A 5000 HP full-turn tugboat construction project contract. According to the China Association of the National Shipbuil

about 3 years ago
British National Gas picks Wood to design future grid
Authorities & Government

British National Gas picks Wood to design future grid

Britain’s National Gas has appointed Wood to digitally upgrade 7,600 kilometers of essential pipelines, compressor stations and terminal infrastructure as part of its commitment to the energy transition. Through a five-year framework agreement, Wood said it will apply digital solutions to transform

about 3 years ago
Hudong-Zhonghua starts building 1st LNG carrier for COSCO and Sinochem
Business Developments & Projects

Hudong-Zhonghua starts building 1st LNG carrier for COSCO and Sinochem

Chinese shipbuilder Hudong-Zhonghua Shipbuilding has started construction of the first LNG carrier for compatriot COSCO Shipping Energy and Sinochem Petroleum. According to the shipbuilder’s statement, the construction of the 174,000 m3 LNG carrier began on 8 August at the Changxing Shipbuilding Bas

about 3 years ago
Titan Unikum
Business & Finance

Titan converts newly acquired ships to LNG-bunkering vessels

Dutch bunker supplier Titan has completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into state-of-the-art LNG bunker vessels. The company bought the two ships at the beginning of 2023 from Canadian gas transportation company Seapeak for bunkering retrofit. Titan

about 3 years ago
Orinduik Block; Source: Eco Atlantic
Business & Finance

Eco snaps up Tullow’s stake and operatorship in block off Guyana

Tullow Oil has set the wheels in motion to sell its entire interest in Tullow Guyana (TGBV), which includes the Orinduik licence in Guyana.

about 3 years ago
Illustration/Aqua Power Technologies’ MANTA wave energy device at salmon farm (Courtesy of Aqua Power Technologies)
Authorities & Government

US national lab seeks input on use of wave energy devices for powering offshore aquaculture

Pacific Northwest National Laboratory (PNNL) is seeking views from wave energy developers whose devices are capable of powering offshore aquaculture operations to better understand the potential of co-locating such projects.

about 3 years ago
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